International Business Machines Corporation (IBM)
NYSE: IBM · Real-Time Price · USD
304.49
-4.75 (-1.54%)
Jan 30, 2026, 1:35 PM EST - Market open
IBM Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2016 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2016 - 2020 |
Operating Revenue | 66,735 | 62,044 | 61,123 | 59,879 | 56,571 | Upgrade |
Other Revenue | 800 | 709 | 737 | 651 | 780 | Upgrade |
| 67,535 | 62,753 | 61,860 | 60,530 | 57,351 | Upgrade | |
Revenue Growth (YoY) | 7.62% | 1.44% | 2.20% | 5.54% | 3.94% | Upgrade |
Cost of Revenue | 28,238 | 26,832 | 27,178 | 27,436 | 25,331 | Upgrade |
Gross Profit | 39,297 | 35,552 | 34,300 | 32,688 | 31,486 | Upgrade |
Selling, General & Admin | 20,188 | 19,281 | 18,482 | 19,263 | 20,027 | Upgrade |
Research & Development | 8,316 | 7,479 | 6,775 | 6,567 | 6,488 | Upgrade |
Other Operating Expenses | -964 | -996 | -860 | -663 | -612 | Upgrade |
Operating Expenses | 27,540 | 25,764 | 24,397 | 25,167 | 25,903 | Upgrade |
Operating Income | 11,757 | 9,788 | 9,903 | 7,521 | 5,583 | Upgrade |
Interest Expense | -1,935 | -1,712 | -1,607 | -1,216 | -1,155 | Upgrade |
Interest & Investment Income | - | 747 | 670 | 162 | 52 | Upgrade |
Currency Exchange Gain (Loss) | - | 20 | -69 | 500 | -1 | Upgrade |
Other Non Operating Income (Expenses) | 507 | 261 | 180 | 103 | 225 | Upgrade |
EBT Excluding Unusual Items | 10,329 | 9,104 | 9,077 | 7,070 | 4,704 | Upgrade |
Merger & Restructuring Charges | - | -819 | -471 | - | - | Upgrade |
Gain (Loss) on Sale of Investments | - | 20 | 39 | -278 | 133 | Upgrade |
Gain (Loss) on Sale of Assets | - | 605 | 45 | 258 | - | Upgrade |
Other Unusual Items | - | -3,113 | - | -5,894 | - | Upgrade |
Pretax Income | 10,329 | 5,797 | 8,690 | 1,156 | 4,837 | Upgrade |
Income Tax Expense | -242 | -218 | 1,176 | -626 | 124 | Upgrade |
Earnings From Continuing Operations | 10,571 | 6,015 | 7,514 | 1,782 | 4,713 | Upgrade |
Earnings From Discontinued Operations | 22 | 8 | -12 | -143 | 1,030 | Upgrade |
Net Income | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 | Upgrade |
Net Income to Common | 10,593 | 6,023 | 7,502 | 1,639 | 5,743 | Upgrade |
Net Income Growth | 75.88% | -19.71% | 357.72% | -71.46% | 2.74% | Upgrade |
Shares Outstanding (Basic) | 932 | 922 | 911 | 903 | 896 | Upgrade |
Shares Outstanding (Diluted) | 949 | 937 | 922 | 912 | 905 | Upgrade |
Shares Change (YoY) | 1.23% | 1.64% | 1.07% | 0.84% | 0.90% | Upgrade |
EPS (Basic) | 11.36 | 6.53 | 8.23 | 1.82 | 6.41 | Upgrade |
EPS (Diluted) | 11.16 | 6.43 | 8.14 | 1.79 | 6.35 | Upgrade |
EPS Growth | 73.65% | -21.00% | 353.76% | -71.75% | 1.86% | Upgrade |
Free Cash Flow | 11,576 | 12,397 | 12,686 | 9,089 | 10,734 | Upgrade |
Free Cash Flow Per Share | 12.20 | 13.23 | 13.76 | 9.96 | 11.87 | Upgrade |
Dividend Per Share | 6.710 | 6.670 | 6.630 | 6.590 | 6.550 | Upgrade |
Dividend Growth | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% | Upgrade |
Gross Margin | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% | Upgrade |
Operating Margin | 17.41% | 15.60% | 16.01% | 12.43% | 9.74% | Upgrade |
Profit Margin | 15.68% | 9.60% | 12.13% | 2.71% | 10.01% | Upgrade |
Free Cash Flow Margin | 17.14% | 19.75% | 20.51% | 15.02% | 18.72% | Upgrade |
EBITDA | 16,778 | 12,886 | 12,739 | 10,775 | 11,309 | Upgrade |
EBITDA Margin | 24.84% | 20.53% | 20.59% | 17.80% | 19.72% | Upgrade |
D&A For EBITDA | 5,021 | 3,098 | 2,836 | 3,254 | 5,726 | Upgrade |
EBIT | 11,757 | 9,788 | 9,903 | 7,521 | 5,583 | Upgrade |
EBIT Margin | 17.41% | 15.60% | 16.01% | 12.43% | 9.74% | Upgrade |
Effective Tax Rate | - | - | 13.53% | - | 2.56% | Upgrade |
Revenue as Reported | 67,535 | 62,753 | 61,860 | 60,530 | 57,350 | Upgrade |
Advertising Expenses | - | 1,173 | 1,237 | 1,330 | 1,413 | Upgrade |
Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.